Houston, Texas – In a landmark event for regional growth and international collaboration, Tina Pie, joined by Honorable Weal Lee, Asian delegation leader Kevin Yang, and other influential business leaders, celebrated the launch of the Asia-Pacific Industrial Park in Texas. This milestone marks a major step forward in bringing new manufacturing opportunities to the state and strengthening economic ties between Asia and the U.S.
The project, spearheaded by Token Communities through its wholly-owned subsidiary ASC Global Inc., involves the acquisition of 749 acres for the first-ever Asia-Pacific Opportunity Zone (OZ) Industrial Park in Texas and the United States. The park is strategically located on Interstate 10, just outside Houston, offering convenient access to Port Houston, George Bush Intercontinental Airport, and major ports on both the Pacific and Atlantic coasts.
As global trade policies evolve and tariffs on imports from countries such as China, Thailand, Malaysia, Vietnam, and Cambodia increase, many Asian manufacturers are seeking to establish production facilities in the U.S. to remain competitive. “As of 2023, the trade deficit between China and the U.S. is over $235 billion, and the deficit with ASEAN countries has exceeded $200 billion,” said Olivia Wen, partner at Morgan Capital and spokesperson for the project.
Interest in the Asia-Pacific Industrial Park is already strong, with more than a handful of Chinese companies expressing their intent to establish manufacturing bases in the park. These include a recreational electric vehicle company, a modular home manufacturer, an electric scooter manufacturer, a herbal supplement company, among many others. According to David Chen (also known as David Champ), President and CEO of ASC Global Inc., the project will be developed in multiple phases, with a due diligence report and master development plan currently underway in partnership with a Houston-based firm.
The 32-million-square-foot, master-planned development will feature industrial, office, expo, logistics, residential, and commercial sections to meet the diverse needs of international companies and their employees. The park aims to accommodate over 100 companies, create more than 10,000 new jobs, and generate over $500 million in annual gross revenue. It is also expected to bring in over $50 million in annual income for the company through services and rental income across its six sections.
Located in a Rural EB-5 qualified area, the park offers foreign investors the opportunity to apply for permanent U.S. residency for their families. With American Software Capital and Morgan Capital as co-founders, qualified companies will also have pathways to go public on U.S. exchanges such as OTC, Nasdaq, and NYSE.
This ambitious project signals a new era of economic opportunity for Texas and the Asia-Pacific business community, promising exciting times ahead for regional development and global partnership.
